Office Building with Two
120 Hill St Hot Springs, AR 71901
New
120 Hill St, Hot Springs, AR, 71901
$465,000
For Sale
$465,000
Two-suite office building includes a 1975 structure with a roof replacement in 2024.
Property Size2,772 SF
Price / SF$167.75
Days on Market6
Property Features for 120 Hill St
General Information
- Standard status
- Active
- Size
- 2,772 SF
Listing Agency
Century 21 Parker & Scroggins Realty Diamondhead
(501) 515-4870
Listed by
Jean Clare Dickerson · License #EB00084023
(501) 515-4870
Source
Exprealty
Added: Jul 13 Checked: Jul 17 at 8:45 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Parker & Scroggins Realty Diamondhead
Investment Insights
Based on property information with market context.
120 Hill St is a two-suite office building originally used as an attorney’s office. Built in 1975, the roof was replaced in 2024. Suite A is occupied by Mobility Prosthetics and currently has a two-year lease in place. Suite B is configured as an office/apartment and includes a full bathroom and kitchen.
The property is adjacent to the Gateway Revitilization Project on Malvern Ave and is one block from the Greenway Trail along Hot Springs Creek.
Offered for sale as an existing mixed-use style asset, the building provides two separate suite options within one structure—suited for office use with the potential for other mixed-use applications based on the existing configuration and commercial zoning noted in the remarks.
The property is adjacent to the Gateway Revitilization Project on Malvern Ave and is one block from the Greenway Trail along Hot Springs Creek.
Offered for sale as an existing mixed-use style asset, the building provides two separate suite options within one structure—suited for office use with the potential for other mixed-use applications based on the existing configuration and commercial zoning noted in the remarks.
Key Highlights
- Two‑suite office building built in 1975 with a roof replacement in 2024.
- Suite A: currently leased to Mobility Prosthetics with a 2‑year lease in place.
- Suite B: office/apartment layout with a full bathroom and kitchen.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $17.40 |
| − Vacancy | −$3.6k | −$1.31 |
| EGI | $44.6k | $16.10 |
| − OpEx | −$17.8k | −$6.44 |
| NOI | $26.8k | $9.66 |
2,772 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$382.4K
$334.6K – $446.2K
NOI $26,769 @ 7.0% cap · market cap 5.76%
Second Best
Office B
$380.2K
$332.7K – $443.6K
NOI $26,615 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$506.9K
$443.6K – $591.4K
NOI $35,486 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motility MLK - Prosthetics
Orthotics & Prosthetics Service
Michael Kenney
Orthotics & Prosthetics Service
Mary Jane Berongan ...
Physician
Paul J Hogue ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-suite office building includes a 1975 structure with a roof replacement in 2024.
Where is this office units located?
The property is located at 120 Hill St Hot Springs, AR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two‑suite office building built in 1975 with a roof replacement in 2024.; Suite A: currently leased to Mobility Prosthetics with a 2‑year lease in place.; Suite B: office/apartment layout with a full bathroom and kitchen.
